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U.S. Tobacco Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies14
  • 7D-3.4%
  • 3M-14.5%
  • 1Y16.9%
  • YTD-14.4%

Over the last 7 days, the Tobacco industry has dropped 3.4%, driven by Philip Morris International declining 3.3%. Over the past 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the U.S. Tobacco Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$5.6bUS$6.2bUS$257.5m18.8x21.6x0.9x
Tue, 03 Mar 2026US$7.1bUS$6.1bUS$236.1m25.2x30x1.2x
Thu, 29 Jan 2026US$6.8bUS$6.3bUS$263.1m25.1x25.7x1.1x
Sat, 27 Dec 2025US$6.3bUS$6.3bUS$263.5m23.8x23.9x1x
Mon, 24 Nov 2025US$6.4bUS$6.3bUS$260.6m22.6x24.4x1x
Wed, 22 Oct 2025US$6.1bUS$6.3bUS$190.5m29.1x32.3x1x
Fri, 19 Sep 2025US$6.8bUS$6.3bUS$191.1m33.1x35.4x1.1x
Sun, 17 Aug 2025US$6.0bUS$6.2bUS$188.0m29x31.9x1x
Tue, 15 Jul 2025US$5.8bUS$6.4bUS$199.9m20.6x29.1x0.9x
Thu, 12 Jun 2025US$5.8bUS$6.3bUS$194.7m21.4x29.8x0.9x
Sat, 10 May 2025US$5.3bUS$6.3bUS$213.3m19.1x25x0.8x
Mon, 07 Apr 2025US$4.9bUS$6.1bUS$205.6m15.7x23.7x0.8x
Wed, 05 Mar 2025US$5.9bUS$6.1bUS$194.2m18.4x30.2x1x
Fri, 31 Jan 2025US$5.4bUS$5.8bUS$183.3m23.5x29.5x0.9x
Sun, 29 Dec 2024US$5.5bUS$5.8bUS$182.7m22.3x29.9x0.9x
Tue, 26 Nov 2024US$5.2bUS$5.8bUS$183.5m22.8x28.5x0.9x
Thu, 24 Oct 2024US$4.6bUS$5.8bUS$253.4m10.2x18x0.8x
Sat, 21 Sep 2024US$4.7bUS$5.8bUS$256.2m11x18.2x0.8x
Mon, 19 Aug 2024US$4.6bUS$5.8bUS$255.5m11.5x17.9x0.8x
Wed, 17 Jul 2024US$4.6bUS$5.6bUS$243.7m15.3x19x0.8x
Fri, 14 Jun 2024US$4.5bUS$5.6bUS$243.9m12.9x18.5x0.8x
Sun, 12 May 2024US$4.9bUS$5.4bUS$224.3m12x21.7x0.9x
Tue, 09 Apr 2024US$4.9bUS$5.4bUS$220.8m11x22x0.9x
Thu, 07 Mar 2024US$5.2bUS$5.5bUS$20.5m10.8x255.4x1x
Sat, 03 Feb 2024US$5.2bUS$5.6b-US$19,751,321.0023.9x-265.7x0.9x
Mon, 01 Jan 2024US$5.9bUS$5.6b-US$29,770,381.0026.1x-198.5x1x
Wed, 29 Nov 2023US$6.0bUS$5.6b-US$29,827,103.0022.3x-200.7x1.1x
Fri, 27 Oct 2023US$4.6bUS$5.6bUS$54.9m28.7x83.3x0.8x
Sun, 24 Sep 2023US$4.5bUS$5.6bUS$55.0m32.6x81x0.8x
Tue, 22 Aug 2023US$4.6bUS$5.6bUS$53.0m33.6x86.2x0.8x
Thu, 20 Jul 2023US$4.7bUS$5.7bUS$89.8m25.5x52.5x0.8x
Sat, 17 Jun 2023US$5.2bUS$5.7bUS$92.6m31.1x56x0.9x
Mon, 15 May 2023US$6.0bUS$5.9bUS$174.9m17.6x34.3x1x
Wed, 12 Apr 2023US$6.7bUS$5.9bUS$194.3m17.2x34.4x1.1x
Price to Earnings Ratio

34.4x


Total Market Cap: US$6.7bTotal Earnings: US$194.3mTotal Revenue: US$5.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Tobacco Industry Price to Earnings3Y Average 4.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Tobacco industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.6x which is higher than its 3-year average PE of 4.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Tobacco industry have grown 9.8% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the U.S. Consumer Staples industry?

US Market3.46%
Consumer Staples1.41%
Tobacco-3.35%
Tobacco-3.35%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
RLX RLX TechnologyUS$2.193.3%
+US$85.3m		21.0%PE19.9x
XXII 22nd Century GroupUS$2.27-6.0%
US$38.4k		-99.4%PS0.2x

Latest News

MO
US$65.76
Altria Group
7D
-1.1%
1Y
17.3%

MO: Illicit Trade Controls And Slower Volume Declines Will Shape Future Returns

Analyst price targets for Altria Group have moved higher, with several firms lifting their views by $4 to $8 per share as analysts point to moderating U.S. cigarette volume declines, potential stabilization in Altria's market share, and improvements in addressing illicit trade. Analyst Commentary Recent research updates show a mix of optimism and caution around Altria Group, with several firms adjusting price targets and reassessing how the cigarette and next generation product trends could affect valuation and execution risk.
TPB
US$72.16
Turning Point Brands
7D
-15.5%
1Y
32.3%
PM
US$158.10
Philip Morris International
7D
-3.3%
1Y
5.0%

PM: Smoke Free Product Shift Will Drive Long-Term Upside Potential

Analysts have lifted the average price target for Philip Morris International to $210, citing stronger contributions from ZYN nicotine pouches and faster growth in next generation products as key supports for the new valuation framework. Analyst Commentary Recent Street research points to a cluster of higher price targets for Philip Morris International, with several bullish analysts highlighting ZYN nicotine pouches and next generation products as key inputs to their revised models.
RLX
US$2.19
RLX Technology
7D
3.3%
1Y
21.0%
UVV
US$52.59
Universal
7D
-0.3%
1Y
-2.6%

UVV: Incoming CFO And Stable Model Assumptions Will Support Higher Multiple

Analysts have maintained their $78 price target for Universal, noting only very minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, which they say do not materially change their assessment of the stock’s valuation. What's in the News Universal provided an update on its share repurchase program for the period from October 1, 2025 to December 31, 2025, reporting that it repurchased 0 shares for $0 million in that timeframe, and has completed the buyback of 0 shares for $0 million under the program announced on November 7, 2024 (Key Developments).
ISPR
US$1.71
Ispire Technology
7D
-6.0%
1Y
-38.9%
XXII
US$2.27
22nd Century Group
7D
-6.0%
1Y
-99.4%